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Zimbabwe’s resource-backed loans fuel corruption, unsustainable extraction

Zimbabwe is currently repaying loans with natural resources or guaranteeing payments from natural resource income streams, which harms development by fuelling corruption and unsustainable resource extraction, the Zimbabwe Coalition on Debt and Development (ZIMCODD) has said. ZIMCODD said this unsustainable resource exploitation causes environmental degradation, pollution, forced displacement of communities, farmer-miner disputes and human-wildlife conflicts. […]